FDI attraction drops in January hinh anh 1Illustrative image (Source: binhduong.gov.vn)

Hanoi (VNA) – Vietnam had granted investment licences to 166 new projects as of January 20, with a total registered capital of 442.6 million USD, down 5.1 percent in project number and 64.4 percent in capital against those of the same period last year.

According to the General Statistics Office (GSO), 61 projects saw capital adjustment with additional investments of 456.8 million USD, a year-on-year rise of 155 percent.

Disbursements are estimated at 1.05 billion USD, up over 10 percent year-on-year.

In the month, there were 415 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses with total capital of 356 million USD, a year-on-year rise of 54 percent.

The GSO indicated that foreign direct investment (FDI) poured into new projects mainly concentrated on manufacturing-processing, with a registered capital of 330 million USD, accounting for 74 percent of the total.

Total newly-registered and additional investments in the sector reached 746 million USD in the month.

Among 24 cities and provinces receiving FDI in the first month of 2018, Ho Chi Minh City was on the top with 86.2 million USD, followed by Nam Dinh (80.2 million USD), Ninh Thuan (60 million USD), and Binh Duong (36.7 million USD).

Among 23 nations and territories investing in Vietnam in January, Singapore was the biggest investor with 147.7 million USD, followed by the Republic of Korea (70.4 million USD), Norway (70.1 million USD), and British Virgin Islands (51.4 million USD).-VNA